Torstone Technology’s Inferno exceeds 1 million transactions per hour for post-trade processing
London, 11 June — 2013 — Torstone Technology, providers of securities and derivatives processing software to the global financial markets, recently showed that their Inferno back office system is capable of processing 1 million transactions per hour.
Working at Arrow Electronics Inc’s Oracle-authorised solution centre in the City and utilising the Oracle Exadata machine, Torstone Technology’s tests were focused on equities and bonds to represent typical asset classes for a high volume business. The results gave a range of 240 to 300 transactions per second.
Brian Collings, chief executive of Torstone Technology said: “Tier 1 investment banks are asking what the upper limit of Inferno’s performance is. We knew it was capable of very high volumes because we run all of our environments on a range of commodity hardware and had never reached the application’s limit, even with large clients. We took advantage of Arrow’s Oracle expertise and Exadata infrastructure, allowing us to understand how Inferno operates at high transaction volumes.”
Arrow’s Oracle Exadata machine ran Oracle 11g Enterprise on x64 Linux with a single virtual machine application server on a shared host (limited to 8 cores of an AMD Opteron with 64 GB RAM).
Amrik Thethi, Chief Technology Officer of Torstone technology commented: “Our detailed analysis of the results revealed areas where we can optimize further to push the raw performance even higher and deliver even better price performance to our customers”.
About Torstone Technology www.torstonetechnology.com
Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing and risk management. We simplify the complexities of operational and risk workflows by connecting global financial industry expertise with technology innovation to provide comprehensive functionality, business process automation, and world-class client service to financial institutions across the globe.
Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone’s Cloud-based, award-winning technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth, and minimize risk.
We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.
Press enquiries to:
Direct: +44(0) 7515 922458
Further information from:
Payal Raina, Marketing
8 Lloyd’s Avenue, London, EC3N 3EL
Direct: +44 20 7418 7928